As at Jul 25, 2024, the ERIE stock has a PE ratio of 34.05. This is based on the current EPS of $11.38 and the stock price of $387.51 per share. A decrease of 2.4% has been seen in the P/E ratio compared to the average of 34.9 of the last 4 quarters.
The mean historical PE ratio of Erie Indemnity over the last ten years is 28.53. The current 34.05 PE ratio is 19% above the historical average. Over the past ten years, ERIE's PE ratio was at its highest in the Dec 2020 quarter at 38.98, with a price of $245.6 and an EPS of $6.3. The Sep 2014 quarter recorded the bottom point at 19.95, with a price of $75.81 and an EPS of $3.8.
Maximum annual increase: 59.69% in 2020
Maximum annual decrease: -25.21% in 2018
| Year | PE ratio | Change |
|---|---|---|
| 2023 | 34.96 | -9.9% |
| 2022 | 38.8 | 28.9% |
| 2021 | 30.1 | -22.78% |
| 2020 | 38.98 | 59.69% |
| 2019 | 24.41 | 13.32% |
| 2018 | 21.54 | -25.21% |
| 2017 | 28.8 | 15.76% |
| 2016 | 24.88 | -2.43% |
| 2015 | 25.5 | 0.87% |
| 2014 | 25.28 | 19.64% |
ERIE's current P/E ratio is above the 3, 5 and 10-year historical averages.
Compared to its peer stocks ACGL and AFG, ERIE's PE ratio stands higher.
| Stock name | PE ratio | Market cap |
|---|---|---|
| ACGL Arch Capital Group Ltd | 7.45 | $36.39B |
| AFG American Financial Group Inc | 12.23 | $10.73B |
| GNW Genworth Financial Inc | 32.33 | $2.97B |
| ERIE Erie Indemnity Co | 37.1 | $19.5B |
ERIE's price to earnings ratio is 34.05 as of Jul 25, 2024.
The average PE ratio for ERIE stock over the past 3 years is 32.64.
The average PE ratio for ERIE stock over the past 5 years is 31.61.
In the last ten years, the Dec 2020 quarter recorded the highest quarterly PE ratio at 38.98.
ERIE's current price to earnings ratio is 19% above its 10-year historical average.
The PE ratio is calculated by dividing the most recent price of a stock by its trailing twelve months EPS. As of today (Jul 25, 2024), Erie Indemnity's stock price is $387.51. The earnings per share for the trailing twelve months (TTM) ending Jun 2024 is $11.38. Therefore, Erie Indemnity's P/E ratio for today is 34.05. PE RATIO(34.05) = STOCK PRICE($387.51) / TTM EPS($11.38)
All PE ratio stats are based on quarterly TTM periods, unless otherwise specified.